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Nov 7, 2012
11/12
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fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a chan
fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at...
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Nov 15, 2012
11/12
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that's just the u.s. when you add in global markets, according to rich peterson at capital s&p, it's $1 trillion that's been taken out of market value just since the election. >> it's crazy. if you remember several months aer ago, i was on and we talked about technical levels in the market. i said 1350 is an important upside. we cleared that. now we're coming back down again. we're around 1353. if that doesn't hold as support rather than resistance, the next place between here and there, 1278 it the june lows. 1158 we were at last year. there's basically nothing between. where does that leave investors? the fed minutes came out yesterday with an indication there's still an appetite for easing. i think we're paving the way for a possible qe-4, especially pending what happens with the cliff. i think if we get this can kick thing, it's only going to add to uncertainty. a lot of folks are looking for alternatives, not stocks, high yield. they want something different. >> yeah, because they're afraid of equiti
that's just the u.s. when you add in global markets, according to rich peterson at capital s&p, it's $1 trillion that's been taken out of market value just since the election. >> it's crazy. if you remember several months aer ago, i was on and we talked about technical levels in the market. i said 1350 is an important upside. we cleared that. now we're coming back down again. we're around 1353. if that doesn't hold as support rather than resistance, the next place between here and...
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Nov 7, 2012
11/12
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my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and particularly the smart phone market. i want to talk about guidance. wall street was looking in the coming quarter -- i guess the current quarter now, for revenue of around $5.3 billion. non-gap eps of around $1. what qualcomm has
my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you...
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Nov 8, 2012
11/12
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right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one brand. it has the greatest brand awareness. these are the results you get with great brand awareness. what does that mean? what else can it did? it has to figure out something else. then when it has to figure out something else, that means it has to figure out something else. it's not going what it's known for doing. >> you know, silicon valley entrepreneur told me yesterday that he's positive about facebook. i want you to hear what he said about mark zuckerberg and get your reaction. >> i think he's not only one of the best technology industry ceos, i thin
right now it does look like europe and in the u.s. that they're profits are going down. >> does this firm get smaller, jay? your firm is reporting that layoffs at groupon are happening. is this the beginning of the end for the company? these layoffs. >> it's got to cut a few jobs here. it's got to shrink down a little bit. obviously, it's struggling. i would bring up the point he just mentioned about the brand awareness. think about that. groupon is number one. it is the number one...
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Nov 5, 2012
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and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the closings throughout the country. we'll be with you as we learn the winner of the white house and balance of congress breaks down tomorrow night all night on cnbc. let's get to bertha coombs. she has news on market flashes. >> a couple of companies reporting after the close here. they are tumbling. take a look at expressscripts. revenue is a little light. it's lifting the lower end of guidance for fiscal 2012. it won't give guidance until 2013. in the release it says expects claims lost from united healthcare, a weak business climate, all of
and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the...
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Nov 1, 2012
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you look at shops and restaurants in the u.s. a lot of them are closed still. >> well, first off, as a lifelong new yorker and my family is still in new york, i take all this very personally. it's just a devastating situation. i look at the photos and talk to my family, and it's just unbelievable. with regard to starbucks business, 80% of our stores have reopened. we are making deliveries. today starbucks made a $500,000 donation to both the red cross and united way. we're trying to do everything we cannot only to open up our stores but be the kind of citizen and neighbor to those people who need us most. >> so in terms of the supply chain, what are you seeing in terms of commodities and foods available? >> well, starbucks is making deliveries. the facility that we have in york, pennsylvania, services metropolitan new york and the eastern seaboard. we're making deliveries. i think by monday we should be back in operations close to 100%. the stores were closed for a wi while. 80% are now open. we're providing a service to our cust
you look at shops and restaurants in the u.s. a lot of them are closed still. >> well, first off, as a lifelong new yorker and my family is still in new york, i take all this very personally. it's just a devastating situation. i look at the photos and talk to my family, and it's just unbelievable. with regard to starbucks business, 80% of our stores have reopened. we are making deliveries. today starbucks made a $500,000 donation to both the red cross and united way. we're trying to do...
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Nov 20, 2012
11/12
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mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that will be the scenario if a deal isn't reached today. there's an 11:00 a.m. court appointment tomorrow on a potential liquidation. >> all right, kayla. thanks very much. we'll be watching that as it develops. so what happens next? hewlett-packard disclosing an $8.8 billion accounting charge this morning because it massively overvalued a company called autonomy that hp acquired last year. hewlett ceo says her company was duped. the founder of the company at the center of the controversy is up next. he's going to give us his side of th
mediation was requested by a u.s. bankruptcy judge yesterday who noted a private negotiation had not been attempted and should be before 18,000 jobs are put to pasture. we spoke to the ceo outside the courthouse yesterday. he said he would support anything that saved jobs. several potential bidders could take twinkies and other brands off of hostess' hands, only if it liquidates. they could kick the tires on an investment, but it's unlikely there would be a buyer for the whole company. that...
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Nov 21, 2012
11/12
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eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to
eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit....
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Nov 9, 2012
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guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position bu
guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been...
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Nov 28, 2012
11/12
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mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
mostly watching dallas fed president fisher who is going to talk about the fiscal challenges in the u.s. and abroad. you look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested...
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Nov 2, 2012
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category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has been getting truckers. the rail hasn't been shut down. i'd say by today we're getting fairly back to normal. our folks did a pretty good job of building inventory before the storm hit. so we only think we're down by 100 to 200,000 cases where we would h
category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because...
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Nov 21, 2012
11/12
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i even think the u.s. economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much. it's the 65th anniversary for the toys for tots campaign by the m
i even think the u.s. economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal cliff. you ready to buy either of those? >> i think at this point, if you go over the fiscal cliff, those sectors will be very exciting. one area that i'm really looking at is cyclical versus defensive. i like the cyclicals. >> all right, gentlemen. thank you very much....
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Nov 21, 2012
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u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace and that the unemployment story remains high and says housing has been improving. we saw zillow saying october saw the largest monthly gain for home prices in more than seven years but the real fireworks happened when a question came up about the fiscal cliff. >> in the worst case scenario where the economy goes off the broad fiscal cliff i don't think the fed has the tools to offset that. >> and those words sent the markets lower yesterday and probably helped to contribute to tempt today. my take is the chairman is worried. for years h
u.s. airways up 192%. not entirely because of the business but more because of the speculation. >> thanks so much. >> the latest on your travel for the weekend. >>> and finally my observation on the warning bernanke issued to america yesterday. our economy might want to give thanks to the fed when congress shirked its responsibilities. i was happy to be at the new york economic club lunch where bernanke spoke. he reaffirmed that the recovery continued to grow at a slow pace...
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Nov 7, 2012
11/12
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the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied being there? >> that's the big question. >> does it mean a big change? i saw some republican pundits say this should be the end of the gop punditry class because of all the money that was spent, really would have gone for naught if romney does not win the presidency here. then i guess are the democrats going to be happy? let's say they do win this thing in a squeaker of an electoral vote, of a popular vote, not having that last seat, and capable of doing an agenda, would they then move to the center? >> we were talking about this earlier. >> it was a g
the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied...
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Nov 19, 2012
11/12
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>> u.s.-based companies. i'm looking for companies whose primary operations are in the u.s. as opposed to emerging markets xhshgs is how i felt for the last few years. i think sectors such as pharma, specialty and big pharma, i think reit sector is very interesting because they can take advantage of the low treasury rates, and i think in the tech space there are a few opportunities but very selective to a handful of companies. >> i'm going to look at you here, joe. bellwether stocks and what they say about the nature of the market. years ago ibm was the bellwether stock. for years general electric, our former parent company, was the bellwether. now apple is with this huge rally today. i know you're a little skeptical about what this rally's employ tod -- about today. but do you follow it? >> i think everybody will agree on the cause but it's the longevity is where i take issue. apple will remain a proxy just because it has, obviously, enormous cash hoard. people are talking about what the dividend will look like. is that going to grow? plus we're only a few week as way from
>> u.s.-based companies. i'm looking for companies whose primary operations are in the u.s. as opposed to emerging markets xhshgs is how i felt for the last few years. i think sectors such as pharma, specialty and big pharma, i think reit sector is very interesting because they can take advantage of the low treasury rates, and i think in the tech space there are a few opportunities but very selective to a handful of companies. >> i'm going to look at you here, joe. bellwether stocks...
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Nov 2, 2012
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both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch money in motion, currency trading tonight. yes, it is friday. at 5:30 eastern. and if you want more education about currency go to currency class. >> goldman's chief economist jan hatzius will join us. we'll get his take on the jobs number and what it means for the economy moving forward. and we're awaiting the president to speak on the jobs number at any moment. when that happens we will take you there live when he begins his remarks. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractur
both probably u.s. dollar positive. and i think what we should be looking at is what has transpired in europe. things are beginning to brew again. we have political risk rising. greece could fall apart. we could enter a whole new election cycle in the next two weeks. >> just the levels there. >> reporter: absolutely. $1. $1.2795 short euro looking to fall back down to $1.26 with a stop at 1.29. >> okay. good to see you, camilla sutton joining us there and for more trade catch...
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Nov 5, 2012
11/12
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here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't materialize, we had quite a bit of sell-off ever since then. now we have supply issue in which we built up stocks lately and with uncertainty in two big elections in largest world economy, people head toward the sidelines. >> everybody is focused on the u.s. election. you say that china -- what happens on thursday there could be a really big event for the copper market. >> for europe that's been in headlines for quite a long time. they don't use that much copper and their economy is in recession for a while. much like the unite
here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't...
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Nov 8, 2012
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would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with big factories. we are called chip designers and somebody builds them for us. we hope to see growth in the united states. i mean -- >> all right. we were going the lose that shot at 9:50 eastern time. >> the edge on that one. >> you want to use every single second. >> someone like paul jacobs. >> people. at home should know we knew this was coming and didn't want to let you down. bet tore hear from him than from us. this is the most important guy trying to save the market today. >> right. >> and so we did go over and that's what happens. >> you asked the questi
would that money go toward u.s. infrastructure, u.s. jobs? give us a rough idea of how that money might be deployed. >> yeah. so we would do both. obviously, more investment. we are growing substantially in the united states in terms of jobs. probably two thirds of employees already in the united states. even though about 95% of our revenues come offshore so we're very focused on growing in the united states. we think that we have great talent here. but of course, we are not a team with...
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Nov 14, 2012
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ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big mover. stock breaking previous patterns and actually jumping on its third lock-up expiration. julia has been on the phone with analysts with details about why it's different this time. >> good morning. today is the biggest lock-up expiration for facebook shares. over 80 million a0 million are e market. it it means institutional investors, former employees and investors who bought on the secondary market, and another 31 million in restricted stock units owned by employees who owned prior to 2011. the stock today is soaring for a couple of reasons. t
ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big...
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Nov 5, 2012
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right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
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Nov 28, 2012
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>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on cnbc. >> i'm getting e-mails from people who have a cayman who say they should have waited, it's absolutely gorgeous. thank you, phil. >>> marisa meyers speaking out publicly for the first time. what did she have to say about the silicon valley internet giant. >>> and we're expecting the president to speak at any moment. let's hope it doesn't come during the commercial break. back in a second. [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >>> groupon making -- the company is due to
>> i'm convinced they will do. >> so when you look at the u.s. market, it has been strong, but not overly strong. what's the change in the next year, do you see that continuing? >> as opposed to the premium, like porsche, we'll have success, and there will be a discussion about this, what you mentioned before, from my point of view, most of the volume will get but not the -- >> mathias muller, a worldwide debut, there it is, the new porsche cayman, sees it first here on...
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Nov 15, 2012
11/12
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. >> the head of mcdonald's u.s. business is out and jeff stratton will assume that business starting january 1. capped off last month with the first decline in monthly sales in about nine years. we'll begin with a teale of two retailers. walmart, revenues coming in short of forecast. -- as for target, the company posted third quarter earnings well above estimates, says it's poised for a strong fourth quarter, but walmart has some issues here, jim. they're talking countries including but not limited to brazil, china and some others too. >> yeah, i was thinking it bick, not brick. russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. the stock had become a very big institutional favorite. if you recall during the mexican investigation, when "new york times" piece it, the stock was trading between 57 and 58. they were then overridden by a couple of really good, solid quarters. this was not the quarter that anyone was looking for. >> except for those who sold the stock
. >> the head of mcdonald's u.s. business is out and jeff stratton will assume that business starting january 1. capped off last month with the first decline in monthly sales in about nine years. we'll begin with a teale of two retailers. walmart, revenues coming in short of forecast. -- as for target, the company posted third quarter earnings well above estimates, says it's poised for a strong fourth quarter, but walmart has some issues here, jim. they're talking countries including but...
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Nov 9, 2012
11/12
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you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> coming up at the top of the hour, a special edition of halftime. the markets and the fiscal cliff. can a deal be reach and what do investors need to hear from the president today
you can see total u.s. beef production is going down starting with a back drought in texas last year. look at what the usda says that are do the prices. steer prices averaged $1.16 a year neck next year. parkers are severely in the red. it could be the worst year they'they have ever had. there jane, tell them you're doing tv. >> this is texas. >>> when we come back, why a leadership change might be the thing they need to get back on track. we're back after a short break. up. a...
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Nov 19, 2012
11/12
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as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers on a daily basis. they are telling us that there's a reluctance on their part to invest or hire more workers. it's a simple equation for u.p.s. fewer packages shipped means less jobs for our u.p.s. workers. we would like to see something get done very quickly. >> more and more sites are offering free shipping both ways for a certain size order. i'm wondering how that impacts u.p.s. do they get a flat rate or do they pay the same as any other person? >> we work with major retailers who we have set contracts with. certa
as head of u.s. ops, how closely are you watching the progress of those talks and if it appears that they break down at any point between now and the end of the year, what sort of contingency plans do you have built in? is there a plan to strip out a lot of capacity in a short period of time? >> carl, thank you for that question. u.p.s. believes that congress does need to move very quickly to get this done and we don't need to go up to the deadline. we work with over 9 million customers...
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Nov 29, 2012
11/12
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u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
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Nov 16, 2012
11/12
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we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides of the aisle will be covered. "squawk on the street" is coming right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hon
we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns...
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Nov 13, 2012
11/12
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jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the
jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge....
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Nov 20, 2012
11/12
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u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you lo
u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at...
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Nov 1, 2012
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it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china protests are going to work out. >> this is as much as a stiff today, it's a 30-year low. >> these are huge companies, the vhs, beta max work. that's a good point actually. >> these are all the leaders. these were all the leaders that you think about. >> i remember when there was a period in 1998 and 1999 it was a question of who was going to rule the world, panasonic or sony. >> look, we were talking about japan, we'll see whether that proves to be correct. >> now they're nothing, now they're no wrrks now they're dinosaurs. >> we're not saying that apple's g
it really is amazing when the u.s. is screwing up in europe. >> honda's spending 200 million to make some transmission plans in ohio, they're trying to make north america their main base for manufacturing. >> talk about japanese companies, though. >> panasonic. >> panasonic has a $12 million write off. >> it has to be sharp, sharp, sharp. and they have concerns about their ability to operate as a going concern. they're looking at investments from on high. the china...
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Nov 29, 2012
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we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to allow countries as i said thailand, the philippines, indonesia, brazil continuing to develop their domestic economies. >> what do you say to a client or buddy who says your stock portfolio makes sense you may want to buy some art. >> if the orld's largest economies are weakening their -- so i think art and real estate in some areas does make sense. art starts to be an investment that isn't for everyone, right, because it's not super liquids and you have to really understand what you're buying. you can also get killed in those environments. >>
we're very focused here in the u.s. on u.s. relations and trade with other countries, but trade is now happening, south-south trade, you have malaysia and new year's trading aggressively across the south region with brazil. i think the growth in the emerging world is not to be missed. but a good way to play it is through u.s. nationals. they can benefit from some incredible effect know logical things happens. 3-d printing is phenomenal. but you have technological advances that are going to...
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Nov 23, 2012
11/12
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the u.s. growing tj max and marshall's and home goods in some smaller markets that they hadn't originally thought they could go into. definitely still think there's room there. >> jennifer, you cover saks as well. do the shorts have something to the story? do they know something that maybe we don't? >> saks did see a slowdown. part of it was related to superstorm sandy. a little over 20% of their business is done in the new york store. i would say 40% of sales are in the northeast. they have been impacted by that. also, you know, i think that maybe we're seeing a little bit of a pause maybe at that high end. maybe kind of more the aspirational customer at the high end. so i think that they're seeing a bit of a slowdown feeling a little bit more than maybe some of their peers that have moderately priced items. >> thank you for joining us. we appreciate it. >>> walmart facing union organized protests at some locations across the country this black friday. among the protesters, some employees wal
the u.s. growing tj max and marshall's and home goods in some smaller markets that they hadn't originally thought they could go into. definitely still think there's room there. >> jennifer, you cover saks as well. do the shorts have something to the story? do they know something that maybe we don't? >> saks did see a slowdown. part of it was related to superstorm sandy. a little over 20% of their business is done in the new york store. i would say 40% of sales are in the northeast....
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Nov 30, 2012
11/12
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not in the u.s. it requires a company focused on daily deals to have a huge sales force and then incredibly dense amount of offers within a locale so that the offers you receive in your e-mails don't seem completely irrelevant. that offer density is something that is very hard for a second or third or 50th player in the space to put forth. that's why living social is cutting back trying to focus on things that are profitable. if you're the biggest which groupon is by a long shot still, they can make it work. it's not perhaps being run optimally today and i'm sure they'll try to make that change over the course of the next year, but that offer density they have it and they have the sales force and they're not shrinking in the u.s. outside of the u.s. it doesn't seem to be working. >> i'm trying to count the number of companies you have seen start up and go public and you name it. if being first and being biggest isn't enough, does that change the way startups have to think from now on? >> i think this
not in the u.s. it requires a company focused on daily deals to have a huge sales force and then incredibly dense amount of offers within a locale so that the offers you receive in your e-mails don't seem completely irrelevant. that offer density is something that is very hard for a second or third or 50th player in the space to put forth. that's why living social is cutting back trying to focus on things that are profitable. if you're the biggest which groupon is by a long shot still, they can...
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Nov 17, 2012
11/12
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all everyone cannot give the u.s. government money fast enough and leave their jobs and take, sell it down to washington and say oh, my god it's a total disaster the whole thing is going to blow up and go back to trading their bonds. >> and by the way, i saw some of the news mentioned the other day 448 days or something like that since the u.s. was downgraded by one of the rating agencies. what are we going to do about it? what it shows is nothing will happen. the rating agency was dumped. >> talk out this idea of direct action. i want you to talk me through where that goes. because it seems to me like people are going to say, look, sorry, there's a republican -- the republican house of representatives we've got to deal with them. i want to hear more on that when we come back. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much f
all everyone cannot give the u.s. government money fast enough and leave their jobs and take, sell it down to washington and say oh, my god it's a total disaster the whole thing is going to blow up and go back to trading their bonds. >> and by the way, i saw some of the news mentioned the other day 448 days or something like that since the u.s. was downgraded by one of the rating agencies. what are we going to do about it? what it shows is nothing will happen. the rating agency was...
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Nov 21, 2012
11/12
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kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they wanted to avoid costing as many jobs as it would. 18,500 people. that's how many people hostess employs. here's some issues that are going to be on the docket for certain. there is a motion by a trustee to liquidate the company in chapter 7, not chapter 11. what that means is new management would be appointed to affect the winddown, not the current management in place. another motion deals with executive pay. right now the executives are slated to get about $1.75 million as part of the wind-down effort. also a motion over wh
kayla is outside u.s. bankruptcy court in white plains, new york, with yet, kayla, another disappointment, right? >> reporter: it is, carl. this building behind me has come to be known as the de facto hostess funeral home. sgit that hail mary effort yesterday between hostess executives and the bakers u.n. to try union, they tried to come to a deal. they couldn't. now it's back to square one, what the judge was discussing on monday, a potential liquidation. they wanted to avoid it. they...
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Nov 7, 2012
11/12
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if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that would help to complement the low rates from the fed and it would also be a statement kind of looking at europe that austerity really hasn't worked so well, vis-a-vis growth. do you think that would be useful? >> i'm in that camp. i think the europeans have been trying to push too much -- everybody counts fiscal policy around the world at the same time. it's kind of crazy by definition. so if for some miraculous reason congress could pull it off, that would be good for many reasons. it feels to me, the u.s. economy
if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that...
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Nov 27, 2012
11/12
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we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the market. from thanksgiving onwards it really generates a big car market. >> andy goss, president of jaguar and land rover in the united states. sales this year up 18% for land rover here in the u.s. this goes on sale mid-december. carl. >> all right, phil. enjoy l.a. we'll see you in a little bit. senator dick durbin a member of the boles-simpson commission and the so-called gang of eight lag out the progressive case for a bipartisan fiscal cliff deal. we'll bring you headlines as they happen. when we come back, men have a rep utation for hagting to shop. we'll tell yo
we're confident we can sell more than all the cars in the u.s. without a shadow of a doubt. >> real quick. christmastime is the time of year when luxury seams go through the roof. why is that here in the united states? you're expecting a big december. >> we're expecting an enormous december with new cars like this and the jaguar f type getting interest as well. i think it's institutionalized. we create a big december. the martin, the lease payments and whole industry gets behind the...
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Nov 6, 2012
11/12
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the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of asset inflation, you have to have assets. >> that's right. most of the millionaires will lean toward romney. the top issues for voters are the national defic
the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires,...
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Nov 7, 2012
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and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the people's work. and we citizens also have to rise to the occasion. >> in the weeks ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >>> we have picked ourselves up. we have fought our way back. and we know in our hearts that for the united states of america, the best is yet to come. >>> welcome back. >> here are the headlines. >> president obama rolls to re-election in a second term, defeating mitt romney despite the weak u.s. economy and persistently high unemployment. >
and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the...
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Nov 12, 2012
11/12
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the possibility of a u.s. downgrade if america goes over the so-called fiscal cliff. but said it would wait until after budget negotiations. a downgrade, of course, would make it more expensive for the united states to borrow money. >>> superstorm sandy could provide an economic boost to the auto industry. as many as 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. >>> overall consumer borrowing expanded in the month of september, but at a slower pace than the previous month. a sign buyers may be pulling back on their credit card purchases. this is an important data point, because consumers and consumer spending make up more than two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise? or will we fall over the fiscal cliff? joining me now, two former top presidential advisers. laura tiesson, chair of economic advisers for clinton and marty feld stein under president reagan. thanks so much for spending the time today. >> thank you. >>
the possibility of a u.s. downgrade if america goes over the so-called fiscal cliff. but said it would wait until after budget negotiations. a downgrade, of course, would make it more expensive for the united states to borrow money. >>> superstorm sandy could provide an economic boost to the auto industry. as many as 250,000 new and used cars may have been ruined by sandy. a loss that could eventually lead to a spike in auto sales. >>> overall consumer borrowing expanded in...
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Nov 5, 2012
11/12
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the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 mill
the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china...
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Nov 2, 2012
11/12
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the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in thi
the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been...
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Nov 15, 2012
11/12
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now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising faster. >> well, i think you're right to point out that, you know, these things change from month to month. depends on things like whether we're sending out tax refunds. one month isn't everything. but i think the concern has to be that the revenue rise may not condition if the economy doesn't prosper. we've seen some real weakness late in the second half of 2012. i'm deeply concerned about the outlook going forward. and without growth, we don't solve any of knees problemthese. the second problem is the spendi
now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising...
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Nov 16, 2012
11/12
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the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles went into southern israel. so israel for its own self-defense, its right of self-defense is organizing, rallying more reserve troops, getting ready for more permanent action. it can and should do what's necessary to protect its citizens, which means inflicting damage on hamas. >> heavy damage, deep damage. go as long as it takes. but john, given what you and ambassador williamson just said, where is the white house on this? the best we can find is not a public statement. the best we can find came out of a white house statement. i'll quote, israel has the right to self-defense in light of the rocket attacks. but that's not the president really standing up for israel. this was some white house spokesman echoed by the state department, john. that ain't the kind of support that i'm looking for. >> my information, very fresh
the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles went into southern israel. so israel for its own self-defense, its right of self-defense is organizing, rallying more reserve troops, getting ready for more permanent action. it can and should do what's necessary to protect its citizens, which means inflicting damage on hamas. >> heavy damage, deep damage. go as...
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Nov 2, 2012
11/12
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if you're a u.s. corporate trying to take van of those longer erm domestics, the same risks are there. >> my favorite topic, the correlation. there is very limited correlation between gdp growth and actually sock market performance. a lot of what has been funded at the sales line is being taken out of working capital and if you get a more sophisticated investor base looking at this to say hang on a minute, this isn't all as it seems. >> and that get there is to see ski matt tig. we'll never get the consumption that people will get out of the emerging world. as we get the number of cars per household, we don't have the resources for it. so i'm just wondering if too much growth expectation has been played on the emerge market story. given climate change and emerging markets, impact of deleveraging from the crisis, et cetera, we are currently consuming 1.5 times the resourc resources. add the 9 billion population by 2015, and assume that population wants to lead on the american way of life, you'll be con
if you're a u.s. corporate trying to take van of those longer erm domestics, the same risks are there. >> my favorite topic, the correlation. there is very limited correlation between gdp growth and actually sock market performance. a lot of what has been funded at the sales line is being taken out of working capital and if you get a more sophisticated investor base looking at this to say hang on a minute, this isn't all as it seems. >> and that get there is to see ski matt tig....
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Nov 1, 2012
11/12
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we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update
we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all...
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Nov 5, 2012
11/12
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that's a horrible time. >> for global markets, u.s. versus the rest of the world, how do you want to be diversified allocation? >> we're united states. remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if you will, of the global economy. >> defensive stocks, health care, consumer staples and health care. >> global guerrillas, i like that. >> thank you for joining us. heading to the close with a bit of a rally. dow up 38 points, the high of the session. >> what happens in wall street in the two months leading up to election day is historically one of the most accurate predictors who gets elected president? >> remember that number, 1390.84, you'll find out why that's significant coming up. >>> why someone here says the superstorm sandy devastation increasing con
that's a horrible time. >> for global markets, u.s. versus the rest of the world, how do you want to be diversified allocation? >> we're united states. remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if...
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Nov 9, 2012
11/12
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and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you have to work hard on the technical side so it means reinsurance and insurance rates have some pressure from the future investment return side. that's partially why the sector has done well this year. >> stefan, thanks for joining us. good to talk to you. >> thank you very much. >>> recorrected a proposal from extrat take to take control of the business while unveiling a $1 billion rights issue. earlier we spoke to the acting ceo and here's what he had to say. >> we have certainty around the funding of $800 million, 817 plld, a
and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you...
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Nov 1, 2012
11/12
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all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many months. analysts say perhaps now there's less need for the central bank to bring in further rate cuts. still the pboc is working to keep money markets loose. dan, if these china figures are improving, do you believe china is bottoming and will we see less policy stimulus from here? >> one of the concerns we have is we did see increased subsidy out of china. it reflects the opinion of management as to whether or not they can sell their product. part of selling one's product is price. to the extent that you are lowering price and getting increased demand, you feel good about
all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many...
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Nov 9, 2012
11/12
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u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded this, cnn did not sa how they recognized these were revolutionary guard fighters. >> i want to come to the quasi cover-up, whatever it was. i know it's an unmanned drone, it's our plane, it's our real estate. >> it's a predator, it's a drone. >> why don't we do something in return? that's what i'm saying. why do they feel they can do this with impunity? >> the
u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it....